Wells Fargo Kick the Tires Houston, Texas June 3, 2015
SAFETY COMMITMENT The safety of our employees and our commitment to the continuous safe operation of our assets are core values oPerformed in-depth safety culture analysis across the organization oContinual focus on best…
ORGANIZATIONAL OVERVIEW AND HIGHLIGHTS Buckeye owns and operates a diversified network of integrated assets providing midstream logistic solutions Three Business Operating Units LTM(1) Adjusted EBITDA Domestic Pipelines & Terminals…
RECENT DEVELOPMENTS Domestic Pipelines & Terminals oSuccessful open season offerings recently completed oHigher volumes and benefit of capital investments drove strong Q1 performance Global Marine Terminals oSuccessful execution of…
PIPELINE AND TERMINAL SYSTEM MAP Chicago Complex NY Harbor Caribbean Gulf Coast Four Buckeye Hubs Copyright 2015 Buckeye Partners, L.P. 6
CRUDE OIL PRICING IMPACT AND DIVERSIFICATION Buckeyes business is predominantly fee-based; limiting impact of lower crude oil prices CRUDE OIL PRICING IMPACT CRUDE OIL DIVERSIFICATION Certainty of cash flows despite uncertainty in…
BUCKEYE TEXAS PARTNERS ACQUISITION OVERVIEW Unique midstream platform in the Gulf Coast with long-term committed revenues and significant opportunities for further growth Asset Overview (1) Strategic Rationale o Buckeye Texas Hub…
GROWTH CAPITAL PROJECTS Large capital projects drive meaningful incremental contributions to our growth DOMESTIC PIPELINES & TERMINALS GLOBAL MARINE TERMINALS PROJECTS PROJECTS Texas Partners - Corpus Christi Open Season for…
LONG TERM DEBT PORTFOLIO Debt Ratings and Metrics Debt Tranches (1) o Fitch: BBB-/Stable Outlook 5.125% Notes due July 1, 2017.. 125,000,000 o Moodys: Baa3/Stable Outlook 6.050% Notes due January 15, 2018.. 300,000,000 o Standard &…
BUCKEYE PARTNERS SUMMARY Diverse portfolio of assets built through acquisitions and internal investment that deliver stable financial results despite volatile commodity markets oPredominantly fee-based cash flows from our…
N NON-GAAP RECONCILIATIONS
NON-GAAP FINANCIAL MEASURES Adjusted EBITDA and distributable cash flow are measures not defined by GAAP. Adjusted EBITDA is the primary measure used by our senior management, including our Chief Executive Officer, to (i) evaluate our…
NON-GAAP RECONCILIATIONS In millions, except coverage ratio 2011 2012 2013 2014 LTM(3) (1)(2) Adjusted EBITDA from continuing operations : Pipelines & Terminals 361.0 409.5 471.1 511.4 510.2 Global Marine Terminals 113.0 128.6…
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